Steven Bank has taught Introduction to Federal Income Taxation, Taxation of Business Enterprises, the Tax Policy and Public Finance Colloquium, Tax Aspects of Mergers and Acquisitions, Business Associations, Corporate Tax Policy and Executive Compensation. His research generally explores the taxation of business entities through the lens of legal and business history. He is the Faculty Director of the Lowell Milken Institute for Business Law and Policy. Professor Bank was the faculty director of UCLA School of Law's Program in Business Law and Policy from 2005 to 2007 and Vice Dean of UCLA School of Law from 2007 to 2013.

Professor Bank has published numerous articles and chapters in the fields of business taxation, tax policy, and tax history and has authored or co-authored several books, including Anglo-American Corporate Taxation (Cambridge University Press, 2011), From Sword to Shield: The Transformation of the Corporate Income Tax, 1861 to Present (Oxford University Press, 2010), War and Taxes (Urban Institute Press, 2008), Taxation of Business Enterprises (Thomson/West, 2012) and Business Tax Stories (Foundation Press, 2005). His articles have been selected for the Stanford/Yale Junior Faculty Forum and the John Minor Wisdom Award for Academic Excellence in Legal Scholarship. He has also been a Herbert Smith Visitor at the University of Cambridge and lectured at the United Kingdom's Inland Revenue on the development of the U.S. and British corporate income taxes. His work on the double taxation of dividends was featured on a national financial news program in connection with President Bush's proposal to reform the corporate income tax.

During law school, Professor Bank served as Co-Editor-in-Chief of the University of Chicago Law School Roundtable, a journal of interdisciplinary legal studies, and he was a Bradley Fellow in Constitutional History. He also received the D. Francis Bustin Outstanding Comment Award and was a prize winner in the American Journal of Tax Policy student writing competition. After law school, Professor Bank clerked for the Honorable Jesse Eschbach of the U.S. Court of Appeals for the Seventh Circuit and practiced with the Dallas law firm of Hughes & Luce, focusing primarily on mergers and acquisitions and corporate and partnership tax. Prior to joining the UCLA faculty, Professor Bank was an associate professor at Florida State University College of Law.